ESCHBACH, Senior Circuit Judge. Richard Searlata, a market maker who formerly traded options at the Chicago Board of Exchange (CBOE), seeks a discharge in bankruptcy from a $4 million debt owed to the firm who cleared his accounts at the CBOE, Goldberg Securities, Inc. (Goldberg). The bankruptcy court barred Searlata from discharge under 11 U.S.C. § 523 (a)(2)(A) but found § 523(a)(6) ina…
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